MidCap Financial Investment Corporation (MFIC) vs Vinci Compass Investments Ltd. (VINP)

MidCap Financial Investment Corporation and Vinci Compass Investments Ltd. are both Asset Management companies. MidCap Financial Investment Corporation and Vinci Compass Investments Ltd. are of similar size ($717.4M and $700.2M). MidCap Financial Investment Corporation has negative trailing earnings, so its P/E is not meaningful; Vinci Compass Investments Ltd. trades at 15.2×. Vinci Compass Investments Ltd. grew revenue faster over the last twelve months: 36.2% against −7.17%. Vinci Compass Investments Ltd. has the higher net margin (23.2% vs −9.85%) and the higher return on invested capital (8.68% vs 5.78%). Both pay a dividend; MidCap Financial Investment Corporation yields more (15.7% vs 6.04%). Across the 19 metrics below, Vinci Compass Investments Ltd. leads on 11 and MidCap Financial Investment Corporation on 8.

Valuation

Metric MFIC VINP Asset Management median
P/E n/m 15.18 13.99
P/S 2.29 3.58 2.76
P/B 0.63 1.68 0.85
Price to free cash flow 1.30 17.94 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (4.32%) 6.59% 4.72%
Free cash flow yield 77.18% 5.58% 4.44%

Profitability

Metric MFIC VINP Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 86.02% 28.14% 33.42%
Net margin (9.85%) 23.21% 13.37%
Free cash flow margin 176.54% 19.95% 12.36%
Return on equity (2.39%) 12.24% 4.79%
Return on assets (0.94%) 6.57% 1.55%
Return on invested capital 5.78% 8.68% 2.97%

Growth

Metric MFIC VINP Asset Management median
Revenue growth (TTM) (7.17%) 36.21% 7.42%
EPS growth (last fiscal year) (46.46%) 46.15% (6.67%)
Revenue growth, 5-year CAGR 8.16% 21.56% 12.51%
Net income growth, 5-year CAGR (10.80%) 3.37% 0.00%

Health

Metric MFIC VINP Asset Management median
Debt to equity 1.58 0.45 0.44
Current ratio 3.78 3.58 1.30
Net debt to EBITDA 6.41 (2.33) 1.02

Dividend

Metric MFIC VINP Asset Management median
Dividend yield 15.71% 6.04% 6.60%
Payout ratio — 0.94 0.94

Size

Metric MFIC VINP Asset Management median
Market cap 700.17m 717.41m 694.86m

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